Stay informed on the latest Truth Social posts from Donald Trump (@realDonaldTrump) without the doomscrolling. Consider it a public service for your mental health. (Why?)
Filtering by entity: South Korea | Clear Filter
Summary:The purpose of the visit to South Korea was not to engage with Canada, in response to inquiries about the visit's objectives.
Sentiment:Clarifying
Key Claims:
- The delegation did not travel to South Korea for the purpose of seeing or meeting with Canada.
- The reason for being in South Korea is distinct from any interaction with Canada.
Potential Market Impact (S&P 500):0/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:0/10
Summary:China is reportedly initiating hostile trade actions by proposing export controls on rare earth elements and other production components to countries globally. These actions are described as unprecedented and designed to disrupt global markets, drawing anger from other nations. The U.S. views this as China leveraging a monopolistic position, prompting the U.S. President to declare that the U.S. will respond with financial countermeasures, including significantly increased tariffs on Chinese products, despite a previously positive relationship and a planned meeting with President Xi now being uncertain.
Sentiment:Confrontational
Key Claims:
- China is exhibiting hostile behavior by sending letters to countries proposing export controls on rare earth elements and other production components.
- These proposed export controls are unprecedented and would disrupt global markets and make life difficult for many countries.
- Other countries have contacted the U.S. expressing anger over China's trade hostility.
- China has been secretly amassing a monopoly position on certain elements, including 'Magnets.'
- The U.S. possesses stronger and more extensive monopoly positions than China, which have not been utilized until now.
- The U.S. President will be forced to financially counter China's move.
- A massive increase of tariffs on Chinese products imported into the U.S. is one of the countermeasures under consideration.
- The timing of China's action, coinciding with peace in the Middle East, is suspicious.
- The relationship with China was good over the past six months, making this move surprising.
- A planned meeting with President Xi at APEC in South Korea is now unlikely.
- The U.S. countermeasure, though potentially painful, will ultimately be beneficial for the U.S.A.
Potential Market Impact (S&P 500):9/10
Potential Geopolitical Risk:7/10
Potential Global Cross-Asset Impact:9/10
Summary:A very productive call was completed with President Xi of China, where progress was made on trade, fentanyl issues, the need to end the Russia-Ukraine War, and the approval of the TikTok Deal. Agreements were also made for future meetings at the APEC Summit in South Korea, a visit to China early next year, and President Xi's visit to the United States at an appropriate time. The TikTok approval is appreciated, and both leaders look forward to the APEC meeting.
Sentiment:Productive Diplomacy
Key Claims:
- A very productive call was completed with President Xi.
- Progress was made on trade.
- Progress was made on fentanyl issues.
- The need to bring the War between Russia and Ukraine to an end was discussed.
- The approval of the TikTok Deal was discussed.
- An agreement was made to meet with President Xi at the APEC Summit in South Korea.
- An agreement was made for a visit to China in the early part of next year.
- An agreement was made for President Xi to come to the United States at an appropriate time.
- The TikTok approval is appreciated.
- Both leaders look forward to meeting at APEC.
Potential Market Impact (S&P 500):4/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:4/10
Summary:Expresses concern over a "Purge or Revolution" occurring in South Korea, stating that such events are incompatible with conducting business there, and announces a scheduled meeting with the new President at the White House.
Sentiment:Concerned Directive
Key Claims:
- Events resembling a "Purge or Revolution" are occurring in South Korea.
- Such events are incompatible with conducting business in South Korea.
- A meeting with the new President at the White House is scheduled for today.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:5/10
Summary:An announcement of a comprehensive trade deal between the United States and the Republic of Korea, detailing South Korean financial contributions, energy purchases, investment commitments, and trade openness.
Sentiment:Triumphant
Key Claims:
- The United States and South Korea have agreed to a Full and Complete Trade Deal.
- South Korea will provide $350 billion for US-owned and controlled investments selected by the President.
- South Korea will purchase $100 billion in LNG or other energy products.
- South Korea will invest a significant sum for their own purposes, to be announced within two weeks during a bilateral meeting at the White House.
- South Korea will be completely open to trade with the United States, accepting American products including cars, trucks, and agriculture.
- A 15% tariff will be applied to South Korea, while America will not be charged a tariff.
- The new President of South Korea, Lee Jae Myung, is congratulated on his electoral success.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:7/10
Summary:The White House is actively engaged in multiple trade negotiations, including an upcoming meeting with South Korea regarding tariff reductions and a recently concluded deal with Pakistan to develop its oil reserves. These efforts are presented as integral to significantly reducing the United States' trade deficit.
Sentiment:Triumphant
Key Claims:
- The White House is very busy working on trade deals.
- Leaders of many countries desire to make the United States 'extremely happy.'
- A meeting with the South Korean Trade Delegation is scheduled to discuss offers to buy down 25% tariffs.
- A deal has been concluded with Pakistan for joint development of its massive oil reserves.
- An oil company is in the process of being chosen to lead the US-Pakistan oil partnership.
- There is a possibility of Pakistan selling oil to India in the future.
- Other countries are also making offers for tariff reductions.
- These trade actions are projected to significantly reduce the US trade deficit.
- A full report on these matters will be released at an appropriate time.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:6/10